APIIC babus, Mr B.P. Acharya and Mr D. Parthasarathi are behind many of the scrupulous land allocations done in the recent years. They are responsible for allowing Emaar to increase its stake and a reduction of stake for APIIC in the Boulder Hills project.
Incidentally, Mr. D. Parthasarathi is the brother-in-law of Mr. K.V.P. Ramachandra Rao. Mr. K.V.P Ramachandra Rao who is the personal advisor to the state government (deal broker) and the late YSR's partner in crime.
Monday, August 16, 2010
Emaar MGF Boulder Hills Scam - Looting of peoples' land for private (politicians, babus, and Dubai Emaar) gain
The Emaar MGF Boulder Hills saga started when Nara Chandrababu Naidu was the chief minister of Andhra Pradesh. The government took away land from poor farmers in Nanakramguda in the guise of modernizing the city and gave them a pittance in compensation (which most of them have yet to receive). All this was done under the guise of the British-era land acquisition act, which gives absolute right to the government to snatch any land from the public.
The TDP government and APIIC alloted the land to Emaar MGF under a shady deal. In return, many of the APIIC babus and TDP politicos got prime villas for a pittance. Turn the clock forward and congress government came to power and immediately the YSR family and friends circle started looking for immediate sources of revenue. Emaar stake was reduced to 26% and more congress politicians and bureaucrats landed with prime villas in Emaar Boulder hills for a pittance.
In the end, it turns out that the state government didn't make a penny from this massive land giveaway to a Dubai based company. The farmers lost their livelihood. The politicians and bureaucrats made a killing by getting almost free prime land in the middle of a posh golf course. Emaar made a killing on golf memberships, villas, and apartments. The money went to Dubai.
Who loses? -> The people of the state of Andhra Pradesh and the poor farmers whose land was grabbed by the government.
Who gained? Telugu Desam Party politicans, Congress politicians, bureaucrats, and most of all Emaar of Dubai.
What is going to happen? Nothing. There will be a farce investigation. The same babu- B.P. Acharya- who was hand in glove with Emaar in reducing APIIC stake is supposed to conduct an impartial investigation into the scam. We all know what the outcome will be of this investigation.
The TDP government and APIIC alloted the land to Emaar MGF under a shady deal. In return, many of the APIIC babus and TDP politicos got prime villas for a pittance. Turn the clock forward and congress government came to power and immediately the YSR family and friends circle started looking for immediate sources of revenue. Emaar stake was reduced to 26% and more congress politicians and bureaucrats landed with prime villas in Emaar Boulder hills for a pittance.
In the end, it turns out that the state government didn't make a penny from this massive land giveaway to a Dubai based company. The farmers lost their livelihood. The politicians and bureaucrats made a killing by getting almost free prime land in the middle of a posh golf course. Emaar made a killing on golf memberships, villas, and apartments. The money went to Dubai.
Who loses? -> The people of the state of Andhra Pradesh and the poor farmers whose land was grabbed by the government.
Who gained? Telugu Desam Party politicans, Congress politicians, bureaucrats, and most of all Emaar of Dubai.
What is going to happen? Nothing. There will be a farce investigation. The same babu- B.P. Acharya- who was hand in glove with Emaar in reducing APIIC stake is supposed to conduct an impartial investigation into the scam. We all know what the outcome will be of this investigation.
Friday, August 13, 2010
How did the APIIC stake reduce to 26% from 49% in Emaar Boulder Hills?
When the Emaar Boulder Hills project was given to Emaar during the Telugu Desam government, APIIC had a 49% stake in the project. When Y.S. Rajasekhar Reddy became Chief Minister, this stake magically reduced to 26% and subsequently to Zero! How did the initial 49% to 26% reduction occur? Were there any official orders issued for this? What was the reason?
I hear rumors about a certain Mr. Koneru Prasad of a company called Trimex Group was involved in this reduction of equity stake and in return the UAE emirate of Ras Al Khaimah gave a lot of goodies to YSR and his family.
I hear rumors about a certain Mr. Koneru Prasad of a company called Trimex Group was involved in this reduction of equity stake and in return the UAE emirate of Ras Al Khaimah gave a lot of goodies to YSR and his family.
Thursday, August 12, 2010
Emaar Boulder Hills Scam - Politicians who own villas in Boulder Hills
Emaar was allocated land when Chandrababu Naidu was the CM of AP. Ministers from his cabinet were given land for villas in return for throw away prices. Some of the TDP former ministers who got land in Emaar:
Y.S. Rajasekhar Reddy's friend and personal advisor, K.V.P. Ramachandra Rao's wife is alleged to have several villa plots and were acquired at throw away prices. K.V.P. Ramachandra Rao's relative is on the APIIC board. K.V.P Ramachandra Rao's son's father-in-law, K. Raghuram Raju also has a villa plot.
Some Congress Politicians (or Relatives) who own villa plots in Emaar Boulder Hills:
BJP bigwig M. Venkaiah Naidu is alleged to also have a villa in Emaar Boulder Hills.
- Kotagiri Vidyadhar Rao
- Tummala Nageswar Rao
Y.S. Rajasekhar Reddy's friend and personal advisor, K.V.P. Ramachandra Rao's wife is alleged to have several villa plots and were acquired at throw away prices. K.V.P. Ramachandra Rao's relative is on the APIIC board. K.V.P Ramachandra Rao's son's father-in-law, K. Raghuram Raju also has a villa plot.
Some Congress Politicians (or Relatives) who own villa plots in Emaar Boulder Hills:
- K.V.P Ramachandra Rao
- Galla Aruna Kumari
- D. Srinivas
BJP bigwig M. Venkaiah Naidu is alleged to also have a villa in Emaar Boulder Hills.
Monday, August 2, 2010
Suresh Kalmadi - King of Sports Corruption
Mani Shankar Aiyar wasn't screaming his lungs out for nothing, when he criticized the monumental waste that the Common Wealth Games is turning out to be. He has been 100% correct.
Suresh Kalmadi has always been involved with one sports event or the other and they always have been over budget. He sticks on to sports events like a chewing gum to a shoe. This guy must be investigated for corruption as he surely stinks. People of India, please report his illegal and ill-gotten wealth by commenting on this blog. Let us pull this corruption king from his pedestal.
Here's an article from the Caravan about corruption in the CWG-> http://www.caravanmagazine.in/Story.aspx?StoryID=414&Page=1
Here is a list of his cronies, that aided and abetted him in this corruption. None of these people have any idea about sports or event management:
India should learn a lesson from this experience. The only people who benefit from these events are politicians and bureaucrats. Is this the UPA government's way of uplifting the AAM ADMI? I guess Suresh Kalmadi is just an AAM ADMI.
Suresh Kalmadi has always been involved with one sports event or the other and they always have been over budget. He sticks on to sports events like a chewing gum to a shoe. This guy must be investigated for corruption as he surely stinks. People of India, please report his illegal and ill-gotten wealth by commenting on this blog. Let us pull this corruption king from his pedestal.
Here's an article from the Caravan about corruption in the CWG-> http://www.caravanmagazine.in/Story.aspx?StoryID=414&Page=1
Here is a list of his cronies, that aided and abetted him in this corruption. None of these people have any idea about sports or event management:
- RK Sacheti, Joint Director-General (Coordination)
- BB Kaura, Joint Director-General (Revenue)
- M Jeychandren, Officer on Special Duty (Finance & Accounts)
- Sangeeta Welingkar, Additional Director-General (Chairman’s Office and Image & Look)
- Vijay Kumar Gautam
India should learn a lesson from this experience. The only people who benefit from these events are politicians and bureaucrats. Is this the UPA government's way of uplifting the AAM ADMI? I guess Suresh Kalmadi is just an AAM ADMI.
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